Referral Management System

The relevance of Referral Management Solution

There are many reasons why a referral management system is useful. The main goal of referral management solutions is to update and improve communication among primary care physicians, specialists, and healthcare providers involved in patient care. It ensures an intimate relationship among all health system branches and helps patients cost-effectively receive the best health care. Statistics says that the cases of medical referrals are on the rise in the U.S., and it is critical for both patients and providers.

Equipo goes above and beyond by offering real-time communication, and competitor analysis reports to improve patient access.

Advantage of Referral Management
Managing referrals through a standardized process reduces clinical errors in health services and helps optimum utilization of specialists resources and a prudential revenue cycle management

Referral leakage is a significant problem faced by doctors in the U.S., resulting in millions of lost medical revenues. An effective referral management system helps solve this problem, makes your health organization efficient, serve patients effectively and financially in a better position

Equipo reduces patient leakage by helping referral coordinators and transition managers identify provider affiliations across entire health networks.

An effective and efficient referral management solution can help save time on processes that your health organization can control. Studies indicate that half of the U.S. referrals are unnecessary, leading to excessive waiting time for the patients, resulting in poor health outcomes. An efficient and well-coordinated referral system in health care helps mitigate these issues resulting in higher patient satisfaction.

Equipo helps patients valuable time while dealing with referrals to different providers like specialists, labs, emergency departments, and hospitals.

Old Fax based patient referral systemgive way to Digital Technologies.
Curtis Gattis, CEO and co-founder of health technology outfit, a Leading Reach, blames a referral system that still relies on paper documents and faxing for this. According to him, it’s an outmoded system that often leaves the patient out of the process and even leaves specialists themselves in the dark about which patients need to schedule an appointment.” With a digital connection, both sides can see what’s going on,” said Gattis. “It creates accountability on both sides. We’re no longer playing the blame game..”

With its technology-based automated appointment, Equipo eliminates all types of manual processes that burden staff, thus achieving higher operational efficiencies for healthcare providers and easing patient access.

Revenue cycle management and patient referral system
According to Alpha Health, a revenue cycle management automation company, a third of health systems and hospitals in the U.S. manage their revenue cycle automation efforts with at least two vendors. And another 30% have built internal automation teams, though more than 76% of those organizations are large – with $1 billion or more in net patient revenues.

More and more care providers opt for automation in their departments to save time, speed up the claims process, decrease denials and collect payment faster. Many revenue cycle management companies offer technology solutions that include Cerner, Conifer Health Solutions, Flywire, Guidehouse, nThrive, Patientco, RevSpring, and VisitPay.

As with other areas of healthcare, the key to future success is going digital. That goal is attained, referral technology will benefit as well — though it’s already having an impact.

Enhanced patient experience and the improved completion rate is possible thanks to the flawless tracking of all patient referrals’ status under Equipo’s efficient patient access software.